Tim Hortons Downgraded by KeyCorp (THI)
Tim Hortons (NYSE:THI) was downgraded by KeyCorp from a “buy” rating to a “hold” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports.
Shares of Tim Hortons (NYSE:THI) opened at 80.82 on Wednesday. Tim Hortons has a 52 week low of $50.67 and a 52 week high of $82.16. The stock has a 50-day moving average of $59.01 and a 200-day moving average of $55.69. The company has a market cap of $10.734 billion and a price-to-earnings ratio of 29.48. Tim Hortons also was the recipient of some unusual options trading on Tuesday. Stock traders acquired 5,309 put options on the stock. This is an increase of 1,185% compared to the average daily volume of 413 put options.
Tim Hortons (NYSE:THI) last released its earnings data on Wednesday, August 6th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.86 by $0.06. The company had revenue of $874.30 million for the quarter, compared to the consensus estimate of $840.50 million. During the same quarter last year, the company posted $0.81 earnings per share. Tim Hortons’s revenue was up 9.3% compared to the same quarter last year. Analysts expect that Tim Hortons will post $3.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Monday, August 18th will be given a dividend of $0.2935 per share. This represents a $1.17 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, August 14th.
THI has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets downgraded shares of Tim Hortons from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Separately, analysts at Credit Suisse upgraded shares of Tim Hortons from an “underperform” rating to a “neutral” rating in a research note on Wednesday. Finally, analysts at CIBC downgraded shares of Tim Hortons from an “outperform” rating to a “sector perform” rating in a research note on Wednesday. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $71.33.
Tim Hortons Inc, is a quick service restaurant in North America. The Company’s menu includes premium coffee, espresso-based hot and cold specialty drinks, including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, grilled Panini and classic sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including donuts.